Labor Mobility – US versus Europe
An interesting piece from The Atlantic:
Collapsing British Pound – Risk of a New Currency War?
The dramatic collapse of the British pound is stoking
global concerns:
http://www.theaustralian.com.au/business/opinion/alan-kohler/pounds-fall-fuels-new-bout-of-currency-wars/news-story/86e9e9c688b0ce116f1a1fad9f443b43
Britain – A Divided Country with Serious Economic
Problems
“Fault lines have
appeared in British society that are larger and more extreme than elsewhere.
The gap between the rich and poor is greater here than in almost any other
country in the EU and nowhere else do billionaires and the destitute live so
closely together. The per capita gross domestic product of London is 186
percent of the EU average, and yet several of the city's neighborhoods are
among the poorest in the country. In parts of Wales, some people earn less than
people in Sicily. Lots of societies are splintered, and the UK has never been
an exception, but these gaps have now become virtually unbridgeable.”